“Insignia Consultants” completed Eighteen Years last week. One thing which I failed to understand of the markets and traders in the last eighteen years? Risk taking appetite..
After this bullish triangle formation ends, we expect a thrust higher. This analysis would support what we are seeing in the GDX. we are now thrusting higher in wave .v., which has a projected target of $2,531.10.
Gold getting a bounce from Bollinger support band, the market is bearish, battling a battle at the 18-dma. The market is oversold, trend and bias is down.
All moving averages have some failed signals, but the 6,90 is very good at highlighting the start of massive moves in the price of gold… and a positive signal is in play now.
Moreover, as we turn to Gold’s weekly bars from one year ago-to-date, the blue-dotted parabolic Long trend continues to ascend such that we continue to seek..
